We reaffirmed our constructive view for local assets, both in fixed income and equities.
It would not be unusual to see agreements that put an end to the current nervousness, with common sense taking precedence. The experience of President Trump's first term proves this.
Reforms in zoning regulations, building permits, and environmental regulations could speed up the development of new residential and commercial projects. However, other factors could offset these benefits.
Despite geopolitical tensions and trade uncertainty, global trade continues to grow. Asia and Africa are leading the momentum.